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Chapter 15 for Foreign Debtors covers all aspects of the UNCITRAL Model Law on Cross-Border Insolvency as well as chapter 15 of the Bankruptcy Code, and provides details about the Foreign Representative, avoidance actions, creditor protections, concurrent proceedings, comity and much more. The book also includes an extensive appendix filled with more than 500 pages of sample case documents and...

We are pleased to introduce this important publication titled "Financial and Tax Considerations for Distressed Companies and their Creditors".

This is the first book that INSOL International has published that covers tax issues. We have accepted that in most countries tax issues and tax treatments change constantly and that tax laws are changing sooner than some of the other laws. We...

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Germans Warn on High Residential Property Prices

As property prices in Germany’s big cities continue to climb, the country’s central bank last month added its voice to a chorus of concern about the prospect of a bubble. While it avoided using that word, the Bundesbank’s February report noted that housing in German towns and cities — Europe’s biggest residential market by value — was overpriced by 15-30 per cent, the Financial Times reported. The German property research group Empirica suggested last month that prices could fall by between a third and a quarter in Berlin, Munich and Stuttgart over the next five years. An obvious cause of recent price inflation, say experts, is a chronic imbalance between supply and demand. Between 2011 and 2015, fewer than half of the apartments required by Germany’s main cities were built, according to a report from the Cologne Institute for Economic Research in June 2017. The scarcity is particularly acute in the major cities. “The biggest issue for us . . . is to acquire properties for sale,” says Kai Enders, a board member of the estate agent Engel & Völkers in Hamburg. Read more.(Subscription required.)